This module allows you to analyze existing cross correlation between Exmo Bitcoin USD and Bitstamp Bitcoin USD. You can compare the effects of market volatilities on Exmo Bitcoin and Bitstamp Bitcoin and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Exmo Bitcoin with a short position of Bitstamp Bitcoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Exmo Bitcoin
and Bitstamp Bitcoin
Exmo Bitcoin USD vs Bitstamp Bitcoin USD
Assuming 30 trading days horizon, Exmo Bitcoin is expected to generate 1.04 times less return on investment than Bitstamp Bitcoin. In addition to that, Exmo Bitcoin is 1.03 times more volatile than Bitstamp Bitcoin USD. It trades about 0.42 of its total potential returns per unit of risk. Bitstamp Bitcoin USD is currently generating about 0.45 per unit of volatility. If you would invest 635,513 in Bitstamp Bitcoin USD on November 10, 2017 and sell it today you would earn a total of 874,488 from holding Bitstamp Bitcoin USD or generate 137.6% return on investment over 30 days.
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Bitcoin USD and Bitstamp Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitstamp Bitcoin USD and Exmo Bitcoin is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Exmo Bitcoin USD are associated (or correlated) with Bitstamp Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitstamp Bitcoin USD has no effect on the direction of Exmo Bitcoin i.e. Exmo Bitcoin and Bitstamp Bitcoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Exmo Bitcoin USD are ranked lower than 27 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Bitstamp Bitcoin USD are ranked lower than 29 (%) of all global equities and portfolios over the last 30 days.